STOCK MARKET PERFORMANCE, FINANCIAL OPENNESS AND ECONOMIC GROWTH IN NIGERIA

ABSTRACT

This study reviews Stock Market Performance, Financial Openness and Economic Growth in Nigeria for the period 1987–2022. Economic growth was proxied by real gross domestic product while stock market performance was measured by market capitalization, all share index, volume of transaction, market turnover. Data was collected using secondary source of data only. The technique employed was multiple regressions tool of analysis for the study. The findings of the study shows that the stock market performance has positively and significantly impacted on the Nigerian economy within the period of the study (1987-2022). The study therefore, recommends among others that the Central Bank of Nigeria(CBN),the Nigerian Stock Exchange(NSE) should ensure ease in the flow of information in the market. This is essential in order to attract more investors and increase new issues which will automatically increase the quantum of market capitalization That will result in improving the performance of the Nigerian stock market.